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Office Properties Income Trust Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

Office Properties Income Trust (NASDAQ:OPI) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$137.7m (down 6.7% from 3Q 2021).

  • Funds from operations (FFO): US$53.8m (down 16% from 3Q 2021).

  • FFO margin: 39% (down from 43% in 3Q 2021).

  • FFO per share: US$1.1 (down from US$1.33 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Office Properties Income Trust EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.8% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Office Properties Income Trust has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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